Baitul Tamwil Research Articles

How Does the Performance of Islamic Microfinance Institutions Affect the Welfare of SMEs?: Empirical study of BTM Mulia Babat

This study aims to assess the direct and indirect effectiveness of Islamic microfinance services, particularly financing products, in enhancing the welfare of small and medium-sized entrepreneurs (SMEs) in Lamongan, with Baitul Tamwil Muhammadiyah (BTM) Mulia Babat as the case study. The partial least square-structural equation modeling method is used in this quantitative study, examining data from 52 respondents, where the respondent data are BTM Mulia Babat business financing customers. The findings of this study found that Islamic microfinance services and business assistance directly have a positive impact on SMEs' increase in income. However, Islamic microfinance services and business assistance indirectly do not impact SMEs' welfare. Despite the increase in SMEs' income, it directly impacts SMEs' welfare. The novelty of this study is to identify the effectiveness of Islamic microfinance institutions in improving the welfare of SMEs. This study presents evidence of the impact of Islamic microfinance institutions on the welfare of micro and medium entrepreneurs. It can encourage more Islamic microfinance programs to offer feasible Islamic microfinance services as an alternative to boosting SMEs in the regions. This study's empirical implications and findings highlight the importance of business assistance from Islamic MIFs as business financing providers to support businesses.

Strategi Pengembangan Produk Baitut Tamwil Muhammadiyah (BTM) dalam Meningkatkan Keunggulan Bersaing

This research aims to formulate a product development strategy that will be carried out by KSPPS BTM West Sumatra Sungai Rumbai Branch in increasing its competitive advantage. The research method used is field research using qualitative descriptive methods. Research data collection techniques are documentation, interviews and observation. The data analysis method used is SWOT analysis which uses IFE, EFE analysis, SWOT matrix, and score weight table analysis to identify and analyze factors. From the research results, the Baitul Tamwil Muhammadiyah (BTM) product development strategy at KSPPS BTM West Sumatra Sungai Rumbai Branch has an IFE matrix analysis that produces an overall score of 3.5, which means taking advantage of the advantages of the BTM cooperative and maximizing internal factors, this has been achieved. EFE matrix analysis produces an overall score of 3.15 which shows that the BTM cooperative is very responsive to external factors by taking advantage of existing opportunities. The weighted score of the SO strategy is 3.9, the WO strategy is 3.2, the ST strategy is 3.45, and the WT strategy is 2.75. Based on the weighted assessment, the SO strategy score has the highest points compared to other strategies. The weighted evaluation is based on the contribution of the strengths or weaknesses to the achievement of the company's goals, vision and mission. The higher the weight, the greater the contribution and influence on achieving the company's goals, vision and mission, where the Strength Opportunities (SO) assessment can be used as a strategy to capture and utilize strengths in order to seize as many opportunities as possible from competitors.

Implementasi Kepatuhan Syariah terhadap Produk-produk Baitul Mal Wat Tamwil An-Nahdliyyin Gunung Lerang

The objectives of this research are (1) To find out the types of products offered by BMT Nahdliyin Gunung Lerang, (2) To find out the implementation of sharia compliance in BMT Nahdliyin Gunung Lerang products. This research uses a qualitative approach, the data collection techniques used are observation and interviews. The subjects of this research are the administrators and members of BMT Nahdliyin Gunung Lerang, the research objects are the products at BMT Nahdliyin Gunung Lerang. The data analysis techniques in this research are data collection, data reduction, data presentation and drawing conclusions. The results of this research show that: (1) The types of products offered by BMT Nahdliyin Gunung Lerang are, Baitul Ma'al Products: Santri Savings, Short Term Financing and Long Term Financing. Then Baitul Tamwil Products: Livestock and Agriculture, (2) Implementation of sharia compliance for BMT Nahdliyin Gunung Lerang products that meet sharia compliance. Based on the first product, namely student savings using a wadiah or deposit agreement which is in accordance with sharia principles. Then short-term and long-term financing products use a qardh contract which refers to providing loans without any additional rewards or benefits. Furthermore, livestock products use a musyarakah agreement, namely cooperation and joint participation between BMT Nahdliyin and investors. Then agricultural products consisting of chilies, eggplant, bananas and sweet potatoes use a mudharabah contract, which is a form of cooperation between capital owners (shahibul maal) and capital managers (mudharib) in certain projects.

Sharia Financial Inclusion to Build Economic Resilience of Micro Small Enterprises During COVID-19

Micro and Small Enterprises own a huge role in contributing to economic growth and employment in Indonesia. In 2018 MSMEs absorbed 112 million workers in Indonesia with a market share of 95 percent and also contributed 57 percent of GDP. Yet, during the spread of COVID-19, the government forced to establish new regulations that impact the management and growth of Micro and Small Enterprises. Financial Inclusion and the role of Sharia Micro Financial Institution are demanded to keep maintaining the endurance of MSE. This study would like to analyze the role of financial inclusion in the access to Micro and Small Enterprises to the sharia micro financial institution. Adopting the method in this study used a descriptive qualitative approach, with content analysis techniques and library research, concluded that the optimization of Baitul Maal and Baitul Tamwil in BMT made it a micro-financial institution that could play an important role during the crisis due to the COVID-19 pandemic. Research that done by reviewing texts, documents, or books to retrieve conclusions based on the context of its use . The results of the research show that among the solutions are : (1) Strengthening the Role of Baitul Maal (Social Finance) through optimizing Zakat, Infak, Sadaqah, and waqaf money. (2) Strengthening the Role of Baitul Tamwil through the Qardhul Hasan Covenant.

Strategi Operasional Baitul Maal Wa Tanwil dalam Menghadapi Ketidakpastian Lingkungan

Previous studies related to the Baitul Maal Wa Tanwil (BMT) problem generally only made an inventory of the problems without connecting these various problems and their implications for BMT's strategy in developing its organization. Therefore, researchers used exploratory qualitative research methods to answer research questions using semi-structured interview methods, triangulation of sources and theory. This study aims to explore the operational strategy of BMT in carrying out its dual function. The results of the study reveal that the operational strategy of BMT is to focus on the role of baitul tamwil (business institution) by tending to override the role of baitul maal (social institution). This pragmatism is caused by various challenges such as limited funds, the many philanthropic institutions, overlapping regulations on zakat management by BMTs, and managerial competence. These challenges not only make BMT focus on its business institutions, but also make BMT focus on limited circles so that financial inclusion has not been achieved.
 Keywords: BMT; Pragmatism; Islamic Economics

The Relationship between Career Maturity and Self-confidence of Baitul Tamwil Muhammadiyah Employees During the COVID-19 Pandemic in Padang City, Indonesia

<p>This study aims to describe the career maturity of Baitul Tanwil Muhammadiyah (BTM’s) employees during the COVID-19 pandemic that affects their confidence in the Syariah economy in Padang. This study was conducted with a descriptive quantitative method and the population was all employees of BTM in West Sumatra totaling 39. The number of samples was determined using the convenience sampling technique, namely based on the ease of finding the participants (Guilford & Frucher, 1978), while the instrument used was a career maturity scale consisting of 51 statement items. This scale is based on career maturity dimensions, namely Planning, Exploration, Decision Making, and World of Work, according to Thompdon <em>et al.,</em> (1981). The results showed that there was a significant positive relationship between career maturity and the confidence of baitul tanwil employees in taqwa Muhamadiyah with r = 0.499 and p = 0.000 (p <0.05) which means H0 is rejected or Ha is accepted. Moreover, a value of 0.202 was obtained which means that there is a 20.2% contribution of career maturity to self-confidence, while the remaining 79.8% is determined by other factors and aspects.<strong></strong></p>

Penerapan Fatwa DSN MUI Tentang Murabaha Bilwakalah Di BMT Bina Ihsanul Fikri (BIF) Bugisan Yogyakarta

The BMF KSPS BIF in its business is divided into two namely Baitul Maal (social business) and Business (Baitul Tamwil). This social business is engaged in collecting Zakat, Infaq and Sadaqah funds and mentoring them to eight ashnaf. The priority scale for poverty alleviation through productive economic programs and scholarships. Its business ventures are engaged in empowering the lower class economic community with intensification of BIT in conducting murabhah financing using the media of wakalah, sometimes murabaha contracts in BMT often precede wakalah contracts. The presence of media wakalah to members in murabaha financing in BMT BIF is not wise and not careful in doing murabaha contracts when wakalah. On April 1, 2000 (26 Dzulhijjah 1420) MUI fatwa No.04 / DSN-MUI / IV / 2000 stipulated that if BMT wanted to represent members to buy goods from third parties, the murabahah sale and purchase agreement must be made after the goods in principle became belongs to BMT. In other words, authorization (wakalah) from BMT to any member or third party must be done before the murabahah sale agreement takes place. In this study the author wants to know about how the application of murabaha financing when the time is carried out by BMT BIF to its members. And how is the suitability of Fatwa DSN Number 04 / DSN-MUI / IV / 2000 in implementing murabahah financing when it is at the Bugisan BMF BIT Yogyakarta.Keywords: Murabaha bil wakalah, BMT BIF, Fatwa DSN MUI.

Strategi Pengembangan Terhadap Optimalisasi Kinerja Karyawan (Studi Kasus: BMT Nuansa Ummat Cabang Pakong)

Resources are the ability to do things, and take advantage of existing opportunities, and the ability to be able to free yourself from the difficulties experienced. Every human being has une game-equal abilities, skills and creativity. BMT (Baitul Maal Wattamwil) is an institution that has two activities in an integrated manner. Baitul Maal is more directed to the efforts of collecting and disbursing funds that are nonprofit, such as: zakat, infaq, and alms. Baitul tamwil as an effort to collect and distribute commercial funds. The purpose of this research is to find out the development strategy in employee performance in human resource development strategy in optimizing employee performance in Baitul Maal Wa Tamwil (BMT) nuances of pakong pamekasan branch ummah. The type of research used is field. The nature of his research is descriptive cauldron. The research source uses primary data. The company's performance is an important thing that must be achieved by every company anywhere, because performance is a reflection of the company's ability to manage and allocate its resources

Peran Baitul Mall Wattamwil sebagai Upaya Pengentasan Kemiskinan melalui Pengembangan Usaha Mikro Kecil dan Menengah

Poverty is one of the macroeconomic indicators in which Indonesia's economic development in aggregate shows a good picture and a decrease in the poverty level of the poor, but in terms of economic structure, segments of Indonesian society are still relatively lagging behind and relatively do not get real benefits from the results of development. Magelang Regency is one of the districts that have poverty problems. This poverty problem can be overcome by developing micro, small and medium enterprises (MSMEs), especially in the industrial sector, where this sector is the leading sector in Magelang Regency. The purpose of this study was to determine the effect of financing on the income of MSEs as customers of BMT Bima industrial business group and how the role of BMT in overcoming the problem of poverty through the functions of baitul mall and baitul tamwil. This study uses a simple linear regression analysis tool. The results obtained (1) the financing variable does not have a significant effect on the income variable of MSME customers of BMT Bima Magelang industrial business group, this is because there are still customers who use financing for personal economic activities, (2) BMT is able to reduce poverty levels by providing assistance that comes from zakat, infaq, sadaqah, and waqf and still persists by providing financing to MSME customers of the BMT Bima Magelang industry group

ANALISIS STRATEGI PEMBIAYAAN MUDHARABAH DALAM PEMBERDAYAAN USAHA (STUDI BTM AMANAH BANGUNREJO)

BMT (Baitul Maal Wat Tamwil) is a microfinance institution that serves as an intermediary between capital owners and recipients of capital. Therefore, the role of BMT needs to be further enhanced according to its function in collecting and distributing public funds, especially by paying more attention to financing to the productive economic sector, one of which is mudharabah financing. In this case, mudharabah financing is one of the financing used by BTM (Baitul Tamwil Muhammadiyah) Amanah Bangunrejo which is given to micro entrepreneurs in increasing their business. The problems discussed in this study are how is the mudharabah financing strategy in BTM Amanah Bangunrejo? And can the mudharabah financing strategy at BTM Amanah Bangunrejo empower businesses?. The purpose of this study is to describe and analyze the mudharabah financing strategy in empowering micro-enterprises. This research is descriptive qualitative, which describes and analyzes the problems raised. The data analysis technique in this study used descriptive qualitative data analysis. While the data collection techniques in this study used observation, interviews, and document retrieval. Based on the research, BTM Amanah Bangunrejo uses a business analysis strategy, a capital agreement and provision strategy, and a mentoring strategy. The mudharabah financing strategy has not been maximized in empowering micro-enterprises. Therefore, the researcher suggests that BTM Amanah Bangunrejo is more optimal in implementing the mudharabah financing strategy.

PENERAPAN BIAYA ADMINISTRASI PEMBIAYAAN DI KSPPS BAITUL TAMWIL MUHAMMADIYAH MULIA DALAM PERSPEKTIF HUKUM ISLAM

Baitul Mal wat-Tamwil (BMT) is a cooperative-shaped institution. BMT in conducting financial management with the principle of the share of the outcome, buying and selling, and saving money (Wadi ‘ah). BMT in realizing financing, also apply the administrative cost of financing as a pre-requisite to be paid by the financing members. BMT as a financial institution that emerged from the implications of state recognition of Islamic laws in its operation must be strictly based on the Quran and Al-Hadist. In this research, there will be a survey on the implementation of financing administration costs in the Baitul Tamwil Muhammadiyah Mulia in Babat Lamongan in the perspective of Islamic law. The data in this study is the primary data obtained from the BMT and secondary data in the form of books that support the research. The data collection methods are observations, interviews and documentation. The results showed the Baitul Tamwil Muhammadiyah Mulia Babat Lamongan set the administrative fee based on a percentage of the nominal ceiling financing so that it will cause a different increase and expense for the nominal financing of different. This shows the Baitul Tamwil Mulia Muhammadiyah Babat Lamongan took advantage of financing administration management. This is not in accordance with the sharia based on Al-Quran and Al-Hadith which is interpreted in the Fatwa of the National Sharia Council of the Indonesian Ulema assembly No: 11/DSN-MUI/IV/2000 about the Kafalah and Fatwa of the National Sharia Board (DSN) of the Indonesian Ulama Council (MUI) NO. 44/DSN-MUI/VIII/2004 about multi-service Ijarah financing.Key Words : KSPPS, Biaya Administrasi Pembiayaan, Hukum Islam

THE LEGAL ENTITY OF BAITUL MAAL WAT TAMWIL (BMT) AS A MICRO FINANCIAL INSTITUTION IN INDONESIA

The purpose of this study is to analyze the legal status and accountability of Baitul Maal Wat Tamwil (BMT) as a financial institution in Indonesia, because so far BMT has two main functions, the first, Baitul Maal as a non-profit institution that distributes zakat, infaq and alms, and the second, Baitul Tamwil is an institution whose function is to collect and to distribute commercial funds. This research uses normative research using a statutory approach and a conceptual approach. The results of this study indicate that the legal status of BMTs so far can only be established with the status of a cooperative or limited liability company. It refers to the characteristics possessed by BMT itself. The form of BMT accountability follows the form of liability that exists in the form of a BMT legal entity, if the loss is caused by the management or organs, the management or organs are jointly and severally responsible, but otherwise if the management or organs can prove then the management or organs are not jointly responsible for the losses incurred by BMT.

Value of innovation to enhance marketing performance (clarification)

The purpose of this paper is to analyze value of innovation as the role mediating in the relationship between NPD Innovation and NPD Performance, and also to clarified in Exploratory Factor Analysis and Confirmatory Factor Analysis. We proposed value of innovation basis on shariah as mediating role in this study developed from diffusion of innovations theory. The questionnaires will be given to only the managers of the board of shariah micro finance in Pekalongan and Banyumas, Indonesia with total 171 responden from 27 LKMS (Baitul Maal wa Tamwil, Baitul Tamwil, Kospin Jasa Shariah, and KSPP Shariah). Value of innovation basis on shariah significantly affect to marketing performance. Research limited in first order, future research can examined in second order research. LKMS adapted value of innovation basis on shariah to get product launch easily. Value of innovation basis on shariah as the new variable and theory concept. Indirect, NPD Innovation positive significantly affect to marketing performance with value of innovation basis on shariah and product launch success are as mediating role.

VALUE OF INNOVATION BASIS ON SHARIAH

The purpose of this paper is to analyze value of innovation as the role mediating in the relationship between NPD Innovation and NPD Performance, and also to clarified in Exploratory Factor Analysis and Confirmatory Factor Analysis. We proposed value of innovation basis on shariah as mediating role in this study developed from diffusion of innovations theory. The questionnaires will be given to only the managers of the board of shariah micro finance in Pekalongan and Banyumas, Indonesia with total 171 responden from 27 LKMS (Baitul Maal wa Tamwil, Baitul Tamwil, Kospin Jasa Shariah, and KSPP Shariah). Value of innovation basis on shariah significantly affect to marketing performance. Research limited in first order, future research can examined in second order research. LKMS adapted value of innovation basis on shariah to get product launch easily. Value of innovation basis on shariah as the new variable and theory concept. Indirect, NPD Innovation positive significantly affect to marketing performance with value of innovation basis on shariah and product launch success are as mediating role.

Optimization of Masjid-Based Zakat Management: A Graduation Empowerment Approach

Research related to optimizing zakat management has been widely discussed, as well as masjid-based objects, but research related to optimizing zakat at masjid focusing on the application of graduation empowerment is still rarely found. This research initiated the concept of graduation empowerment in the Masjid-based zakat Management. Thus, the mustahik around the masjid can be managed systematically so that the graduation process into muzkki can be measured and effective. This article is a conceptual study through a literature review of selected articles that examine best practices both in microfinance and in social funds for the poor. Empowerment of graduations at the Masjid can be done effectively through: 1) The masjid has baitul maal and baitul tamwil (BMT) as divisions that manage the social funds of Masjid worshipers; 2) BMT builds a mustahik and muzakki database as a basis for making maps of community empowerment; 3) BMT designs graduation empowerment for mustahik through holistic intermediation; 4) professional managers; 5) partnerships with technical assistance providers; 6) program and reporting transparency
 Keywords: Optimization, Masjid-Based, Zakat Management, Graduation empowerment, BMT

Potensi Baitul Maal Wat Tamwil (BMT) dalam Meningkatkan Pertumbuhan Ekonomi di Indonesia

The study was intended to explain the potential Baitul Maal wat Tamwil for bringing economic growth to Indonesia. This method of research is done by reading reference books, journals and other media related to BMT. The concept of Baitul Maal wat Tamwil is to develop productive businesses and invest in developing the quality of macro and small economic activities, in part, it encourages savings and financing its economic activities. BMT is made up of two main functions: Baitul Tamwil (property development home), and Baitul Maal (treasure). This study shows that BMT has the potential to increase economic growth in Indonesia. It’s proven by several journals that there are among them as INFERENSI (a religious social research journal), SOSIO DIDAKTIKA: Social Science Education Journal, and HUMAN FALAH

POTENSI BAITUL MAAL WAT TAMWIL (BMT) DALAM MENINGKATKAN PERTUMBUHAN EKONOMI DI INDONESIA

The study was intended to explain the potential Baitul Maal wat Tamwil for bringing economic growth to Indonesia. This method of research is done by reading reference books, journals and other media related to BMT. The concept of Baitul Maal wat Tamwil is to develop productive businesses and invest in developing the quality of macro and small economic activities, in part, it encourages savings and financing its economic activities. BMT is made up of two main functions: Baitul Tamwil (property development home), and Baitul Maal (treasure). This study shows that BMT has the potential to increase economic growth in Indonesia. It’s proven by several journals that there are among them as INFERENSI (a religious social research journal), SOSIO DIDAKTIKA: Social Science Education Journal, and HUMAN FALAH

Enhancing the role of Baitul Maal in giving Qardhul Hassan financing to the poor at the bottom of the economic pyramid

PurposeBaitul Maal wa Tamwil (BMT) is an Islamic microfinance institution created by combining the functionality of Baitul Maal and Baitul Tamwil in Indonesia. While Baitul Maal plays the role of an institution that collects funds from zakah, cash waqf, infaq and sadakah, Baitul Tamwil then distributes these funds in the form of Qardhul Hassan financing to the poor at the bottom of the economic pyramid (BOP). This study aims to explain the poverty alleviation effort by BMT regarding its role in providing Qardhul Hassan financing to the people at the BOP and provide practical suggestions to maximize the outreach performance of the BMT.Design/methodology/approachIn this methodology, the study adopts the qualitative analysis of reviewing the literature and interviewing the BMT staff in Jakarta, Makassar and Nusa Tenggara Barat areas to present the views of the practitioners related to the role of Baitul Maal in giving Qardhul Hassan financing to the people at the BOP using appreciative intelligence framework.FindingsThe study finds that BMT in Indonesia needs several stage-specific structures and roles to be effective. In particular, there is a need to separate the function of Baitul Maal from Baitul Tamwil to enhance its role when giving Qardhul Hassan financing to the people at the BOP. The role of Baitul Maal in alleviating the poverty figure is also drawn in this study.Originality/valueThe findings of this study add to the literature on Baitul Maal by enabling researchers and practitioners to appreciate the role of Baitul Maal, and these findings also contribute towards enriching the knowledge in Baitul Maal and financing requirements of the poor at the BOP. This paper also contributes to the field of Islamic accounting which is currently getting prominent.

VALUE OF INNOVATION AND MARKETING PERFORMANCE

The purpose of this paper is to analyze value of innovation as the role mediating in the relationship between NPD Innovation and NPD Performance. We proposed value of innovation basis on shariah as mediating role in this study developed from diffusion of innovations theory. The questionnaires will be given to only the managers of the board of shariah micro finance in Pekalongan and Banyumas, Indonesia with total 171 responden from 27 LKMS (Baitul Maal wa Tamwil, Baitul Tamwil, Kospin Jasa Shariah, and KSPP Shariah). Value of innovation basis on shariah significantly affect to marketing performance. Research limited in first order, future research can examined in second order research. LKMS adapted value of innovation basis on shariah to get product launch easily. Value of innovation basis on shariah as the new variable and theory concept. Indirect, NPD Innovation positive significantly affect to marketing performance with value of innovation basis on shariah and product launch success are as mediating role.Keywords: service dominant logic, Islamic religiosity, value of innovation, shariah values, Islamic marketing.JEL Classifications: A11, C01, L19DOI: https://doi.org/10.32479/irmm.7761

Pendistribusian Dana Zakat Infak Sedekah (ZIS) untuk Pemberdayaan Masyarakat Studi Kasus BMT Amanah Ummah Sukoharjo

This study aims to determine: 1) The position of Baitul Mal at BMT Amanah Ummah 2) Model of financing BMT Amanah Ummah for the dhuafa (poor people). 3) Distribution of ZIS funds for community empowerment in BMT Amanah Ummah. This method of research used descriptive qualitative approach. This research was conducted in BMT Amanah Ummah Sukoharjo in June until August 2016. The subject of the study was Amil treasury of BMT Amanah Ummah. Informants were Baitul Mal employees and mustahiq. Method of collecting data was done by observation, interview and documentation. The results of this study, namely, 1) The separation of management between Baitul Mal and Baitul Tamwil. The Baitul Mal of BMT Amanah Ummah has its own manager and management. 2) Model of financing for the dhuafa at the Baitul Mal of BMT Amanah Ummah is to use qardhul hasan financing agreement, in the form of revolving fund used to finance or develop dhuafa’s bussiness. 3) The distribution of funds of Zakat Infak and Sedekah (ZIS) at Baitul Mal BMT Amanah Ummah is allocated to programs of empowerment, health, education and charity. A larger portion of fund is allocated to the development programs.